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Greetings to the Fool Community,

This is my first post, so take it easy on me if I make any mistakes. Here it goes.

I am considering the sale of my car in an effort to reduce household debt. Outside of the mortgage, the debt amount is $198,000 (2 cars, 1 credit card and student loans). The student loans make up 63% of the debt balance and the interest rates ranges from 2% to 9%. Selling the car will reduce this amount by $24,252 (interest rate on car 8.25%).

My current plan involves paying off the car by this time next year; however, the car sale idea came to me a few days ago.

What should I do? I would appreciate any knowledge or ideas you wish to share.
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